Interglobe Aviation's stock price climbs approximately 2% as a result of a $50 billion Airbus deal.

Interglobe Aviation's stock rose about 2% on Tuesday on reports that the country's largest airline had inked a 500-aircraft deal with European aircraft maker Airbus SE at the Paris Air Show on Monday for an estimated $50 billion. Interglobe Aviation shares began 2.8% higher on the BSE today, at $2,499.95 per share. On Monday, Indigo shares finished 0.11% higher at $2,432.70 per share.To fuel its development over the next 10 years, the low-cost carrier will have frequent access to aircraft from the A320NEO family.The airline, which has a domestic market share of more than 60%, has already planned the delivery of about 500 aircraft. According to a press statement from the airline, the agreement would provide a steady supply of jets between 2030 and 2035. IndiGo's 1,000-strong order book includes A320NEO, A321NEO, and A321XLR aircraft. According to the company's exchange filing, this new order will bring an unparalleled degree of depth and breadth to IndiGo and Airbus' strategic alliance. With this new deal, IndiGo will have made 1,330 aircraft orders with Airbus since its inception in 2006.The significance of IndiGo's new historic order for 500 Airbus A320 Family aircraft cannot be overstated.

There are presently around 1,000 aeroplanes on order.IndiGo will be able to meet its aim of boosting economic growth, social cohesion, and mobility in India throughout the next decade. At IndiGo, we are proud to be India's chosen airline for connectivity inside and between India, as well as one of the world's top airlines. This purchase "strongly reaffirms IndiGo's belief in India's growth, in the A320 Family, and in our strategic partnership with Airbus," stated IndiGo CEO Pieter Elbers.